ASMI lifts 2027 outlook, forecasts third-quarter revenue above estimates
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July 28 : ASM International on Tuesday forecast third-quarter revenue above market expectations and upgraded its 2027 sales outlook, buoyed by continued demand from customers investing in artificial intelligence infrastructure.
The Dutch semiconductor equipment maker expects third-quarter revenue of about 1.1 billion euros ($1.25 billion) at constant exchange rates, plus or minus 5 per cent, compared with analysts’ average estimate of 994.5 million euros.
AI-related spending has helped offset weakness in automotive, PC and memory markets.
“The demand environment remained highly favorable in the second quarter, driven by sustained investment in AI infrastructure to support rapidly expanding compute workloads,” Chief Executive Hichem M’Saad said in a statement.
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ASMI said it now expects 2027 revenue to exceed the top end of its previously projected 3.7 billion to 4.6 billion euro range, citing higher wafer fab equipment spending and strong order growth.
“While the H2 outlook is above expectations, there is unlikely to be material upside to 2027 consensus estimates,” analysts at Jefferies said.
Europe’s second-largest semiconductor equipment maker also expects revenue to grow by more than 20 per cent at constant currency in the second half of the year from 1.86 billion euros in the first half of 2026.
It said second-half growth is expected to be driven by strong demand for leading-edge logic and foundry services, solid memory growth and a recovery in power, analog and wafer markets.
($1 = 0.8773 euros)
Source: Reuters
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